Dow Jones Top Company Headlines at 5 AM ET: Procter & Gamble to Cut 7,000 Jobs | Citi ...

Dow Jones
05 Jun

Procter & Gamble to Cut 7,000 Jobs

The American consumer giant also said it would trim its portfolio of brands.

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Citi Cuts Tech Staff in China, Presses on With Brokerage Plan

Citigroup will reduce its technology workforce in China by about 3,500 as part of ongoing restructuring to streamline global operations.

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Wise Shares Rise on Move to Switch Main Listing to U.S.

The money-transfer company plans to take its main listing to the U.S., the biggest market for its products, dealing another blow to the London bourse, which has been suffering over the past couple of years.

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Broadcom Reports Today. The Focus Is Demand for AI Chips.

The company is a leader in the market for high-end AI application-specific integrated circuits.

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Kleenex-Owner Nears Roughly $3.5 Billion Sale of International Tissue Business

The maker of Kleenex tissues and Huggies Diapers is expected to sell the unit to Brazil's Suzano

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Boeing Agrees to Pay $1.1 Billion to Avoid Prosecution for 737 MAX Crashes

The new deal means Boeing avoids a trial that was scheduled to start June 23 in connection with the two crashes, which left 346 people dead.

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Costco Sales Growth Slows for Fifth Straight Month

The company's sales rose 6.8% in May from a year ago, down from a 7% increase in April.

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Ontario Pension May Call Final Bids For India Hospital Asset This Month

Ontario Teachers' Pension Plan seeks to solicit final bids this month for the Toronto-based investor's Indian hospital asset, people familiar with the process said.

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Meet the United Airlines Executive Who Gets to Pick Its Hot New Routes

Planning executive Patrick Quayle shares how he plots routes to Ulaanbaatar, Nuuk and more, using a mix of data and social-media buzz.

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Bad Bunny was a hit for Calvin Klein - but not enough to shield profit outlook from tariffs

Shares of PVH Corp. fell after hours on Wednesday after the Calvin Klein and Tommy Hilfiger parent cut its full-year profit outlook, citing the impact of tariffs on shipments heading into the U.S.

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Five Below Profit, Sales Rise Amid New Store Expansion

Same-store sales are anticipated to increase 7% to 9%, the company said, ahead of the 5.4% growth Wall Street is expecting.

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23andMe's Former CEO Pushes Purchase Price Nearly $50 Million Higher

23andMe has a path to a higher purchase price than the $256 million offered by biotech giant Regeneron after the genetic-testing company's former chief executive pushed a bankruptcy court to reopen its sale process.

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Meta Talks to Disney, A24 About Content for New VR Headset

Tech company is looking to Hollywood for exclusive immersive video for premium device.

 

(END) Dow Jones Newswires

June 05, 2025 05:00 ET (09:00 GMT)

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